News

Note: This section contains information in English only.
Fri, 16 Aug 2019 13:39:19 GMT

Nvidia revenue beats estimates amid video gaming, auto units

Nvidia Corp reported better-than-expected results for its revenue, which fell 17% in the fiscal Q2, boosted by the strength in the company's video gaming and auto units.

Fri, 16 Aug 2019 11:44:54 GMT

Apple responsible for 2.4M US jobs

Apple has announced this week it was responsible for 2.4M US job, directly or indirectly, which is by 20% more than 2M that the tech giant estimated in 2017.

Fri, 16 Aug 2019 11:27:15 GMT

Turkish military fund to take over British Steel

On Friday, OYAK, the Turkish military pension fund, announced it had reached an agreement to acquire British Steel, adding it would seek the acquisition to be completed by the year-end.

Fri, 16 Aug 2019 09:50:58 GMT

Stock indices surge during European trading

On Friday, during the European trading session stock indices surged. The move was attributed to a general bullish sentiment caused by China's announcement of economic stimulus.

Fri, 16 Aug 2019 09:36:32 GMT

Hong Kong Q2 GDP grows 0.5% year-over-year

Hong Kong's second-quarter GDP grew 0.5% year-on-year, the government reported on Friday, slightly less than estimated; however, the escalating US-Sino trade war is raising concerns about a possible recession.

Fri, 16 Aug 2019 07:50:34 GMT

Instagram tolls out new tool to flag fake information

Instagram has rolled out a new tool for users allowing them to flag false information in the posts, as the Facebook-owned photo-sharing site makes efforts to stem misinformation or abuses on the platform.

Fri, 16 Aug 2019 06:44:21 GMT

Revlon picks Goldman to consider strategic options

The cosmetics maker Revlon has selected Goldman Sachs Group to explore possible business options, sending its shares up 15% on the news, Bloomberg reported.

Fri, 16 Aug 2019 06:29:55 GMT

Oil surges as US retail sales ease recession concerns

On Friday, crude oil prices surged following two-day slumps, boosted after the data showing a rise in the US retail sales eased concerns about a possible recession in the world's largest economy.

Fri, 16 Aug 2019 05:05:37 GMT

China's civil aviation shows stable growth

According to a report published by the Civil Aviation Administration of China, the country's civil aviation sector has shown 7.7% year-over-year growth.

Fri, 16 Aug 2019 04:10:11 GMT

US works on a trade deal with UK

The US President Donald Trump stated on Friday that the US and Britain have achieved a considerable progress in negotiations on a new trade deal.

Fri, 16 Aug 2019 02:41:55 GMT

Walmart's earnings above estimates in Q2

The US retailer Walmart reported strong Q2 results, as earning per share grew to $1.27 per share against $1.22 expected, and raised earnings projection for the year, sidestepping concerns over consumer demand in the wake of trade war.

Fri, 16 Aug 2019 02:35:41 GMT

Mondelez, Kraft to pay $16M in manipulation case

The US Commodity Futures Trading Commission stated that Kraft Heinz and Mondelez International will have to pay $16M worth penalty for the wheat manipulation case dating back to 2015.

Thu, 15 Aug 2019 19:52:24 GMT

Gibraltar frees seized Iranian tanker

On Thursday, Gibraltar decided to free Iran's oil tanker, paving the way for a potential swap for the Britain tanker, detained by the Iranian Revolutionary Guards in the Gulf.

Thu, 15 Aug 2019 18:50:36 GMT

Italy's 5-Star Party not interested in new coalition with League

Luigi Di Maio, the Italian Deputy Prime Minister, said on Thursday that Italy's 5-Star Party is not interested in a new deal with Matteo Salvini's right-wing League.

Thu, 15 Aug 2019 18:01:42 GMT

Mondelez and Kraft to pay $16m fine in wheat manipulation case

On Thursday, the US Commodity Futures Trading Commission stated that Mondelez International and Kraft Heinz would pay $16m in a wheat price manipulation case.

Thu, 15 Aug 2019 17:01:45 GMT

US 30-year Treasury yields fall to new record low

The US 30-year Treasury bonds dropped to a new record low on Thursday due to worries about a potential US recession and a global economic slowdown.

Thu, 15 Aug 2019 16:27:32 GMT

Intact Financial to acquire insurers in C$1.0B

On Thursday, Canada's Intact Financial has agreed to acquire the insurers Frank Cowan Co and The Guarantee Co of North America in a $1.0B cash-deal with Princeton Holdings.

Thu, 15 Aug 2019 15:29:37 GMT

UPS takes TuSimple stake, tests autonomous trucks in Arizona

On Thursday, UPS announced it had taken a minority stake in the self-driving firm TuSimple, while also launched the start-up's autonomous trucks testings in Arizona, as the company sought to build driverless vehicles for the government's regular use.

Thu, 15 Aug 2019 14:34:26 GMT

US antitrust unit calls for extra info from United Tech, Raytheon

The US DoJ antitrust division made a request for additional information on Raytheon, United Technologies $120B merger deal, as the tie-up could potentially intensify the consolidation pace in the aerospace and defence industry.

Thu, 15 Aug 2019 12:41:39 GMT

Cisco China sales hit by Trump's tariffs

On Thursday, Cisco reported its China sales dropped as much as 25% due to the tariffs on Chinese-made goods imposed by the US President Donald Trump, sending the company's shares down 8% to $46.53.

Thu, 15 Aug 2019 12:12:54 GMT

Boeing postpones 777X's ultra-long-range version delivery

Boeing has delayed the launch of its 777X widebody jet's ultra-long-range version, the American planemaker announced late on Wednesday, as the company struggles from the fallout caused by the 737 MAX crisis and the 777X engine issues.

Thu, 15 Aug 2019 11:11:26 GMT

Vision Fund invests $110M in Swiss firm Energy Vault

The SoftBank Group-owned Vision Fund made a $110M bet on renewable energy storage by investing in the Swiss company Energy Vault, the firm announced on Thursday.

Thu, 15 Aug 2019 10:14:51 GMT

Consumer debt in Russia causes bubble fears

On Thursday, Russian state pollster VTsIOM revealed that more than half of Russians admit to having high debt. The data caused bubble fears that impacted the Russian Rouble.

Thu, 15 Aug 2019 09:35:48 GMT

Lenovo plans to lift prices to absorb US tariffs

The largest PC maker in the world, China's Lenovo Group, announced on Wednesday it would have to lift prices for its products, if the US tariffs increased, sending the company's shares down 6.5%.

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